GOP: Extend Tax Cuts to Revitalize Economy

Republicans Saturday said it was vital to the U.S. economy that tax breaks for the highest-income brackets be extended.

In the party’s weekly media address, Sen. Orrin Hatch, R-Utah, said the wealthy were the font of the nation’s job creation and allowing their tax bills to go up would have dire consequences on working folks.

“We should not raise these taxes, but we should enact comprehensive tax reform that will generate more revenue, create jobs and increase our GDP by as much as 3.5 percent,” Hatch said.